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Piedmont Lithium completes US$130.8m cap raise
Listed lithium producer Piedmont Lithium (ASX: PLL, Nasdaq: PLL) has successfully raised US$130.8 million from investors to fund the expansion of its operations.
Jerome Doraisamy
Firm: Thomson Geer (Piedmont Lithium)
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Deal: Piedmont Lithium has completed an eight-figure capital raise, the proceeds from which it will use to fund its share of capital required to restart operations at North American Lithium in Quebec, to fund exploration and definitive feasibility studies at Eyowaa in Ghana, to advance its merchant lithium hydroxide plant in the United States, and to continue development at the Carolina Lithium Project.
Area: Capital markets
Value: US$130.8 million
Key players: The Thomson Geer team was led by partner Michael Ng, who was supported by senior associate Chris Seotis.
Deal significance: Speaking about the matter, Mr Ng said: “We’re proud to have worked with Piedmont to achieve this raising, to assist the company with its ongoing development activities for its projects.”
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